Liquid Handling System Market – Emerging Trends & Future Growth Dynamics 2027
Global Growth Dynamics:
The growth of this market is majorly driven by industrial growth in the pharma-biotech sector, rising R&D expenditure by biotechnology and pharmaceutical industries, and increasing life science research which is supported by a favorable funding scenario, expansion of pharmaceutical & biotechnology industries, Increasing focus on data precision and accuracy and Increasing labor costs leading to higher automation requirements.
What This Will Provide:
The new edition of the report provides updated financial information until 2021 or 2022 for each listed company in a graphical representation in a single diagram (instead of multiple tables). This would help to analyze easily the present status of profiled companies in terms of their financial strength, profitability, key revenue-generating region or country, business segment focus in terms of the highest revenue-generating segment, and investment in research and development activities.
The growth in this market is attributed to the increased outsourcing of pharmaceutical research, increased funding for life sciences research and development, growth in the pharmaceutical sector, and increasing demand for high throughput screening, which will drive the growth of the market.
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Projected Surge in Global Revenue Growth:
The global liquid handling system market in terms of revenue was estimated to be worth $4.6 billion in 2022 and is poised to reach $5.8 billion by 2027, growing at a CAGR of 4.6% from 2022 to 2027.
Geographical Growth Scenario:
North America dominates the global Liquid Handling System market
Based on the region, the liquid handling system market is segmented into North America, Europe, Asia Pacific, and the Rest of the World (RoW). The global liquid handling system market is segmented into North America, Europe, Asia Pacific, and ROW. North America dominated liquid handling system market. The largest share can be attributed to North America due to the significant advances in the biotechnology and pharmaceutical industries and increasing investment and government funding for the research.
Leading Companies Operating in This Market:
The major players in the Liquid Handling System are the liquid handling system market is highly consolidated and is dominated by various players. The major players operating in this market are Thermo Fisher Scientific Inc. (US), Danaher Corporation (US), Eppendorf (Germany), PerkinElmer Inc. (US) and Agilent Technologies, Inc. (US).
Thermo Fisher Scientific Inc. (US) is a leading player of the liquid handling systems market in 2021. The company invested USD 1,406 million in R&D activities in 2021. Thermo Fisher’s extensive R&D enables the company to enhance its technology, software, and service capabilities. A significant focus on R&D activities also helps the company provide innovative products and maintain and improve its competitive position in the liquid handling market space.
Danaher Corporation (US) is an important player in the liquid handling market. Its subsidiary Beckman Colter offers analytical instruments, reagents, and consumables. In 2021, the company spent USD 1,742 million on R&D. Furthermore, research and development increased nearly 30%, allowing us to deliver breakthrough innovation more quickly. It is focused on opportunities to extend its global reach and advance its technology; Sales in 2021 for this segment by geographic destination were North America 36%, Western Europe 27%, other developed markets 6% and high-growth markets 31%.
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